VANCOUVER, BC, May 17, 2021 /CNW/ -- Lithium South
Development Corporation (the "Company") (TSX-V: LIS)
(OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to provide an update on
the continued evaluation of Direct Lithium Extraction (DLE)
technology for its Hombre Muerto North Lithium Project (HMN Li
Project), located in Salta Province,
Argentina.
LIS is working with Eon Minerals Inc. (EMI), a Miami, Florida based technology company. EMI
is headed by Mr. Fernando
Villarroel, Vice-President and a director of the Company.
The EMI process is an innovative absorbent consisting of specific
nanoparticles and is currently patent pending at the United States
Patent Office. A 2,000-liter brine sample has been received at the
EMI laboratory in Salta, and test work is anticipated to begin this
week.
A first phase in evaluation of the process will be to analyze a
computational chemistry brine with the absorbent to determine the
reliability and duration of the absorbent. The second phase will
involve test work utilizing a natural brine sample taken from the
2,000-liter reserve. The testing will be conducted under the
supervision of a Qualified Person along with third party ISO
Certified laboratory verification.
LIS is now utilizing four options to determine the optimal plan
for the development of the project. Three DLE processes are now
under evaluation, and the Company is continuing to move forward
with test work utilizing conventional evaporation.
About Lithium South
Lithium South is focused on developing the HMN Li Project,
located on the Hombre Muerto Salar, a major lithium-producing salar
in Argentina. The property is adjacent to land under
development by the Korean multinational corporation POSCO, which
acquired the ground from Galaxy Resources Ltd. for US $280 million. The Company completed a Preliminary
Economic Assessment of the HMN Li Project in 2019, utilizing
conventional evaporation extraction. The Company is focused on
evaluating alternative extraction methods for the HMN Li Project
and plans to become a leader in the application of Direct Lithium
Extraction technology at the project level.
The technical and scientific information contained in this news
release was reviewed by Mr. William
Feyerabend, a Consulting Geologist and Qualified Person
under NI 43-101. Mr. Feyerabend participated in the production of
this news release.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. The TSX Venture Exchange has not reviewed the content
of this news release and therefore does not accept responsibility
or liability for the adequacy or accuracy of the contents of this
news release.
The securities referred to in this news release have not been,
nor will they be, registered under the United States Securities Act
of 1933, as amended, and may not be offered or sold within
the United States or to, or for
the account or benefit of, U.S. persons absent U.S. registration or
an applicable exemption from the U.S. registration
requirements.
This news release does not constitute an offer for sale of
securities for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United States must be made by means of a
prospectus containing detailed information about the company and
management, as well as financial statements.
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website:
www.lithiumsouth.com
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SOURCE Lithium South Development Corporation